Lock and Win

Munich market for residential real estate presented 2010 stable with rising prices and for many years the real estate prices in Munich are revenues the highest German compared. Although only the first 9 months of 2010 are evaluated, you can already say that 2010 was a record year. Prices: The land prices attracted General clearly, particularly in good and very good residential areas. New semi-detached were used on sale at 540.000,-, they cost an average of 485.000,-. New houses of rows of were being sold for 440.000,-(+ 5%), they were 370.000,-in the resale.

Houses of rows of obtained inventory objects (REH) 430.000,-, new 490.000,-(+ 5%). New construction condo sold m in the Middle for 4.000,-per m, stock flats made it m (+ 3%) in good residential areas on average on 2.900,-per m. Seen it used more condos, so results from simple residential value a Price / m of 1.750,-; the average housing value 2.200,-; good housing value 2.890,-; very good housing value 3.980,-. Sales and sales: Land sales as many sales were made, as in the previous year. However, the plots were larger, what sales also increased. In multi-storey housing market was booming and there were 42% more land sales as in 2009.

Homes (single-family/DHH/RH) there were 7% less sales 6% more money sales. The sales number of the rental houses fell by 7%, while the take-up by approximately 50%. This was because that 2009 some large housing estates were sold. Rushed the condo sales to a new record and reached a best fit with 9.665 sales, 3% in the previous year. 2,870 sales were flats in new building in the first nine months of the year. Money (accumulation of all sales proceeds) of condominiums revenues % over the previous year with over 2 billion euros 4. These are as I said only the provisional figures for and without guarantee. Usually get the statistical values for the entire year (January to December) 2010 out in early May. The above figures however show that the Munich real estate market is healthy and that it now can be worthwhile for one or the other for sale, – just because prices are no longer as good as for years. * Sources: Expert Committee Munich real estate market report 1-3 quarter of 2010; IVD-residential price levels 2010/2011; We are not liable for the accuracy of the information. Contact: Rainer Fischer real estate Red Cross course 2a 80634 Munich telephone 089 131320 fax 089 133424 email: Homepage: professional supervisory authority: Kreisverwaltungsreferat 80466 Munich VAT-ident.-No.: DE177578786 Chamber: IHK Munich contact for the press: Rainer Fischer of Fischer real estate: the person company headquartered in Munich at the Red Cross square since 1995. It specializes in the marketing of residential real estate in the greater Munich area. Since Over 700 homes, condos were existence and gives land to solvent buyers. The brokerage firm cooperates with external financing consultants, presented all offers on five different websites and sometimes new ways in marketing of real estate. Reachability is guaranteed 7 days a week. According to a survey carried out at the customer in writing, the existing customers appreciate the existing properties fast, friendly and professional”in this brokerage firm the most.